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hapter 7 Homework 6 Required information [The following Information applies to the questions displayed below] Daley Company prepared the following aging of receivables analysis at
hapter 7 Homework 6 Required information [The following Information applies to the questions displayed below] Daley Company prepared the following aging of receivables analysis at December 31, 04:36:11 Accounts receivable Percent uncollectible Tutal $585,000 $399,000 1 to 30 $93,000 29 29 Days Past Due- 31 to 60 $ 39,000 51 61 to 90 Over 90 $ 21,000 $ 33,000 7 10% Book Hint Print a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $3.900 credit. c. Prepare the adjusting entry to record but Jebts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $400 debit. Complete this question by entering your answers in the tabs below. D trences Req A Req B and C Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Not due: 1 to 30: 31 to 60: 61 to 90: Accounts Receivable X Percent Uncollectible (%) Estimated Uncollectible X < Prev 6 of 9 Next >
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